Blog: Where are the new BRICs?

Joe Ayling | 10 September 2010

Civets, the "small, lithe-bodied, mostly arboreal mammals native to the tropics of Africa and Asia", or so you thought.

As outlined by a comment piece on just-style today (10 September) the CIVETS are also an acronym for a new series of emerging markets.

For the past nine years it had been BRICs that excited expanding fashion brands, with Brazil, Russia, India and China leading the charge in terms of GDP growth and potential for organised retail. They still do, but their 'noisy neighbours' now make up the word CIVETS, and include Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa.

Investment bank Goldman Sachs dreamed up the acronym BRICs, while HSBC and The Economist Intelligence Unit are tussling for credit when it comes to CIVETS.

The phrase is taking a little time to sink in on the just-style newsdesk. But just like 'BRICs' sparked visions of solidarity and bricks and mortar, there's something quite intriguing about the CIVETS.

COMMENT: CIVETS loom into focus beyond the BRICs


BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?